There is something called Psychological distance but this could be a hit or a miss. I would put a $5,000 tag and renew this for 2 years and see how it goes.
Could be a hit or a miss.
I registered the domain (and the other ones) back in April. Couple of weeks later I received an offer of $1000. I decided to hang on to it thinking that it is still early in its 'evolution.'